While the president had harsh words for Yellen during the campaign, sources say he will discuss the possibility of her staying on for another term in the Fed’s top spot
The average rate for the 30-year fixed mortgage posted its biggest increase since July
The two commissioners who voted against the long-delayed mortgage rule offered some colorful criticism to their colleagues.
Despite recent efforts made by officials to ease uncertainties among lenders, the industry still has a lot to do before credit begins to expand.
Originations will continue to grow in 2015 – but with rates headed toward 5% next year, now is a good time for borrowers to refinance, according to an industry expert
Regulator says the Fed should not let the recent financial market turmoil affect the agency’s pledge to end its bond-buying program.
Yesterday was a big day for the NASDAQ and the stock market; the bond and mortgage markets held quite well given the strong equity market. Also, home sales were up 2.4% to 5.17 million units in September.
The long-awaited finalization of the rule draws closer as half of the regulators in charge of writing it agreed on more relaxed mortgage lending standards today.